CHEVRON CORP — Director's Dealing 2005

Aug 12, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2005-08-10

Reporting Person: WILLIAMSON CHARLES R (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-10	Common Stock	A	62308	—	Acquired	62308	Direct
2005-08-10	Common Stock	A	15304	—	Acquired	15304	Indirect
2005-08-10	Common Stock	A	5128	—	Acquired	5128	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-08-10	Non-Qualified Stock Option (Right to Buy)	$30.6994	A	8550	Acquired	2006-03-25	Common Stock (8550)	Direct
2005-08-10	Non-Qualified Stock Option (Right to Buy)	$36.313	A	12398	Acquired	2007-03-24	Common Stock (12398)	Direct
2005-08-10	Non-Qualified Stock Option (Right to Buy)	$32.9799	A	106883	Acquired	2010-12-04	Common Stock (106883)	Direct
2005-08-10	Non-Qualified Stock Option (Right to Buy)	$33.0782	A	480974	Acquired	2011-07-27	Common Stock (480974)	Direct
2005-08-10	Non-Qualified Stock Option (Right to Buy)	$46.1298	A	121285	Acquired	2015-02-08	Common Stock (121285)	Direct

Footnotes

F1: Received in exchange for 107,373 shares of Unocal Corporation common stock in connection with the merger of Unocal Corporation and a wholly-owned subsidiary of Chevron Corporation (the "Merger") pursuant to the Agreement and Plan of Merger dated as of April 4, 2005 among Unocal, Chevron and a wholly-owned subsidiary of Chevron, as amended by Amendment No. 1 to the Agreement and Plan of Merger dated as of July 19, 2005 ("Merger Agreement"). On the effective date of the Merger, the closing price of Unocal Corporation's common stock was $66.10 per share, and the closing price of Chevron Corporation's common stock was $62.48 per share.

F2: Received in exchange for 26,373 shares of Unocal Corporation common stock pursuant to the Merger Agreement. On the effective date of the Merger, the closing price of Unocal Corporation's common stock was $66.10 per share, and the closing price of Chevron Corporation's common stock was $62.48 per share.

F3: Received in exchange for 8,838 shares of Unocal Corporation common stock pursuant to the Merger Agreement. On the effective date of the Merger, the closing price of Unocal Corporation's common stock was $66.10 per share, and the closing price of Chevron Corporation's common stock was $62.48 per share.

F4: Received in exchange for a non-qualified stock option to acquire 8,000 shares of Unocal Corporation common stock for $32.8125 per share pursuant to the Merger Agreement.

F5: Received in exchange for a non-qualified stock option to acquire 11,600 shares of Unocal Corporation common stock for 38.8125 per share pursuant to the Merger Agreement.

F6: Received in exchange for a non-qualified stock option to acquire 100,000 shares of Unocal Corporation common stock for $35.25 per share pursuant to the Merger Agreement.

F7: Received in exchange for a non-qualified stock option to acquire 450,000 shares of Unocal Corporation common stock for 35.355 per share pursuant to the Merger Agreement.

F8: Received in exchange for a non-qualified stock option to acquire 113,475 shares of Unocal Corporation common stock for 49.305 per share pursuant to the Merger Agreement.